Direct Tax
Articles & Guides
Expert insights on Direct Tax from practising Chartered Accountants — plain language, actionable advice.
Section 43B MSME Payment Rule Under Income Tax Act 2025: 45-Day Deduction Guide
Section 43B MSME payment rule under ITA 2025 — 45-day payment deadline, deduction deferred if late, only micro/small enterprises, Udyam registration, practical compliance steps.
Depreciation Under Income Tax Act 2025: WDV Method, Rates & Block of Assets
Depreciation under Section 35 of ITA 2025 — WDV method, block of assets, rates (buildings 10%, machinery 15%, computers 40%, intangibles 25%), additional depreciation 20%, part-year 50% rule.
Business Deductions Under Income Tax Act 2025: Section 37, 40A & Key Disallowances
Business deductions under ITA 2025 — Section 37 general deduction, Section 40A cash disallowance Rs 10,000, Section 43B payment conditions, capital vs revenue expenditure, partner salary limits.
Tax Planning for Salaried Employees Under Income Tax Act 2025: Complete Guide
Tax planning strategies for salaried employees under ITA 2025 — new vs old regime decision, Section 123 Rs 1.5L, NPS Rs 50K extra, HRA, home loan, Section 132 employer NPS, salary restructuring.
Agricultural Income and Tax Under Income Tax Act 2025: Partial Integration Guide
Agricultural income under ITA 2025 — exempt from central income tax, partial integration with non-agricultural income, Rs 5,000 threshold, state agricultural income tax, farm house and nursery rules.
Startup Tax Benefits Under Income Tax Act 2025: Section 138 & DPIIT Guide
Startup tax benefits under ITA 2025 — Section 138 3-year profit deduction, angel tax abolished (Budget 2024), ESOP deferral 5 years, loss carry-forward relaxation, Section 54GB capital gains.
Tax Audit Under Income Tax Act 2025: Section 162 Thresholds & Compliance
Tax audit under Section 162 of ITA 2025 — Rs 1 crore business threshold, Rs 10 crore digital, Rs 50 lakh professional, Form 3CA/3CB + 3CD, 30 September due date, presumptive opt-out rule.
Faceless Assessment Under Income Tax Act 2025: Section 271 Guide
Faceless assessment under Section 271 of ITA 2025 — how it works, random allocation, all electronic, video conference hearing, types of notices, exceptions (search/survey cases).
AIS and Form 26AS Under Income Tax Act 2025: Complete Taxpayer Guide
AIS and Form 26AS guide under ITA 2025 — what they contain, differences, how to download, pre-filing reconciliation, mismatch consequences, feedback mechanism.
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